Imperial Preference

Imperial Preference was a trade policy adopted by the British Empire in the early 20th century that aimed to promote economic ties among its member countries. It allowed goods from British colonies and dominions, such as Canada and Australia, to enter the UK at lower tariffs compared to those from non-Empire countries. This policy aimed to bolster trade within the Empire, supporting its economic growth and strengthening political ties. In essence, it sought to make trade within the Empire more favorable, reflecting a desire for closer economic unity among British territories during a time of global competition.